iDEAL

iDEAL is e-commerce payment system used for online banking in the Netherlands, owned by Dutch e-commerce organization Currence. It is an online payment method that enables consumers to pay online through their own bank. In addition to online merchants, other organisations that are not part of the e-commerce market also offer iDEAL. History The system was conceived by the Dutch banks ABN Amro, ING Bank, Postbank N.V. and Rabobank, to develop a single system for online payments that could be used by all banks. The payment platform was opened to consumers in 2005. In 2006 the consortium moved the iDEAL brand to the Dutch banking organization Currence. In 2014, the system claimed 54% of all Dutch online payments. In 2023 iDEAL claimed to have 70% of all Dutch online payments.